
$Direxion Daily MU Bull 2X Shares(MUU.US)Summary review: I had already decided to bet on Micron's earnings report, staying up from the market open at 10:30 PM until 5 AM. Despite the after-hours surge, I still lost 7 points.
1. Placed the order too early. Knowing the market makers would dump during the session to trick people into jumping ship, I placed an order at yesterday's closing price, thinking it was stable. Unexpectedly, it kept falling below the closing price, but I managed to exit without losing too much.
2. Thought I hit the bottom at 64.8 during the session, set a stop-loss at 64, but it kept falling, forcing me to liquidate.
3. When it dropped to 64, I saw NVIDIA rebounding next door, but got trapped as soon as I entered. Barely broke even, while Micron had already rebounded significantly, missing the low at 61.
4. Hesitated to buy at the low during the final rally, missing the chance. The after-hours surge happened without any opportunity to board.
5. Panicked when the market makers dumped, bought at 72 only to see it keep falling, cut losses at 71.07, then bought back at 70.5 when the downtrend seemed to stop. Normally, holding would've made a killing, but the market makers' move—dumping the bid at 68 when the best bid was 65.07—was insane. Saw someone placing an order at 68 and cut losses without hesitation, only to see it skyrocket right after, realizing I was played by quant strategies. Missed a few more small opportunities later, too scared to re-enter, while it kept rising, leaving me behind.
Lessons learned:
1. Never place orders too early. Stay patient. Market makers will always buy back what they dumped at the end. Just follow the final rally—if they think it's profitable, it probably is.
2. Stay focused, don’t be greedy. Tried to profit from both Micron and another stock, ended up losing on both. Now missed rebounds on both sides, almost wiped out. Only trade one stock a day, watch it like a hawk.
3. Stick to your convictions, don’t let emotions rule. Avoid the "save $1" mindset—trying to shave 0.1 off the buy price cost me the entry. Don’t let market makers lead you by the nose. If you’re so confident, why not drop to 40 and delist today? Despite believing in the earnings, fear got the better of me at the last moment. Watching Micron surge, I could only slump in my chair, furious, slapping myself and smashing my phone. Emotions are the market makers' weapon—don’t fall for it. Trust your judgment!
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